What Happened to View?
Ticker: VIEWSPAC Year: 2020Merger: 2021
Return
-100.0%
Current Price
$0
Peak Price
$13.5
Trust Size
$815M
Summary
Smart glass technology company that made windows which tint automatically. Bankrupt in 2023 after burning through $2B+ and restating financial results.
What Happened
View merged with CF Acquisition Corp VIII (Cantor Fitzgerald) in March 2021. The company makes electrochromic smart windows that tint automatically based on sunlight â installed in airports, offices, and high-end buildings. But the technology was expensive, installation complex, and the market tiny. View burned through over $2B in cash, restated financials due to accounting errors, received SEC subpoenas, and filed for bankruptcy in November 2023. It was one of the most capital-destructive SPACs in history.
Key People
Timeline
2020-11
SPAC merger announced
2021-03
Merger completed
2022-05
Financial restatement, SEC subpoena
2022-09
CEO steps down
2023-11
Chapter 11 bankruptcy filed